Stories Tagged 'Import'
With an increasing number of traders producing fake details on imported goods, the Department of Customs has warned that it may put around 67 percent of these goods under the red customs clearance channel.
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Nepal has to limit imports to cut the swelling trade deficit and help domestic industry
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Nepal’s trade deficit widened to Rs569.50 billion in the first five months of the fiscal year as imports of oil, construction materials, machinery, automobiles, electric appliances and airplane parts soared, according to Trade and Export Promotion Centre statistics.
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A decrease in imports of iron from India has reduced revenue collection at the customs office of Sirsiya Dry Port in Birgunj for two consecutive months of this fiscal year beginning mid-July.
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Lentil imports through Sirsiya Dry Port in Birgunj have oddly doubled since last year, raising suspicions that the agro product is being re-exported to India through clandestine channels.
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Vegetable import has continued unabated in the far-western Nepali district of Kailali despite higher production of the green produce. The district imports around 30,000 tonnes of vegetables worth around Rs500 million per year from India. A big chunk of these vegetables enter the country through Gauriphanta customs point.
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